Guggenheim Credit Income Fund 2019 10-K 22 Mar 24 2023 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2023	Mar. 22, 2024
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2023
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	814-01091
Entity Registrant Name	GUGGENHEIM CREDIT INCOME FUND 2019
Entity Central Index Key	0001618696
Entity Tax Identification Number	47-2009064
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	330 Madison Avenue
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10017
City Area Code	212
Local Phone Number	739-0700
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float	$ 1,736,824
Entity Common Stock, Shares Outstanding		1,736,284
Documents Incorporated by Reference [Text Block]	Documents Incorporated by Reference:
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Auditor Name	Ernst & Young LLP
Auditor Firm ID	42
Auditor Location	New York, NY

STATEMENTS OF ASSETS AND LIABIL

STATEMENTS OF ASSETS AND LIABILITIES - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Assets
Investment in Guggenheim Credit Income Fund (“GCIF”) (5,046,351 shares purchased at a cost of $8,259,316 and 5,046,351 shares purchased at a cost of $14,809,703, respectively)	$ 5,476,803	$ 12,081,088
Cash	706,284	990,500
Total assets	6,183,087	13,071,588
Liabilities
Payable to related parties	11,458	10,877
Accrued professional services fees	50,287	104,636
Accounts payable, accrued expenses and other liabilities	24,361	30,529
Total liabilities	86,106	146,042
Total net assets	6,096,981	12,925,546
Components of Net Assets:
Common Shares, $0.001 par value, 348,000,000 Common Shares authorized, 1,736,284 and 1,736,284 Common Shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively	1,737	1,737
Paid-in-capital in excess of par value	10,092,686	16,750,502
Accumulated loss, net of distributions	$ (3,997,442)	$ (3,826,693)
Net asset value per Common Share (NAV)	$ 3.51	$ 7.44

STATEMENTS OF ASSETS AND LIAB_2

STATEMENTS OF ASSETS AND LIABILITIES (Parenthetical) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Schedule of Investments [Abstract]
Investment, purchase shares	5,046,351	5,046,351
Purchase cost	$ 8,259,316	$ 14,809,703
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	348,000,000	348,000,000
Common stock, shares issued	1,736,284	1,736,284
Common stock, shares outstanding	1,736,284	1,736,284

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Investment Income
Dividends from investment in GCIF		$ 312,652	$ 1,071,976	$ 1,686,293
Total investment income		312,652	1,071,976	1,686,293
Operating Expenses
Administrative services	[1]	15,040	15,358	14,717
Related party reimbursements	[1]	47,770	73,635	120,840
Trustees fees	[1]	936	3,000
Professional services fees	[1]	31,165	101,559	99,725
Offering costs	[1]			10,547
Transfer agent fees	[1]	110,263	103,837	100,455
Other expenses	[1]	23,811	17,758	23,040
Total operating expenses	[1]	228,985	315,147	369,324
Less: Expense support from related parties (See Note 4. Related Party Agreements and Transactions)				(93,663)
Net expenses		228,985	315,147	275,661
Net investment income		83,667	756,829	1,410,632
Realized and unrealized gains (losses):
Short term realized gain from redemption of investment in GCIF				7,032
Long term realized loss from redemption of investment in GCIF				(7,012)
Net realized gain from investment in GCIF				20
Net change in unrealized appreciation (depreciation) from investment in GCIF		(53,899)	(1,279,476)	2,626,462
Net realized and unrealized gains (losses)		(53,899)	(1,279,476)	2,626,482
Net increase (decrease) in net assets resulting from operations		$ 29,768	$ (522,647)	$ 4,037,114
Per Common Share information:
Net investment income per Common Share outstanding - basic and diluted		$ 0.05	$ 0.44	$ 0.81
Earnings (loss) per Common Share outstanding - basic		0.02	(0.30)	2.30
Earnings (loss) per Common Share outstanding - diluted		$ 0.02	$ (0.30)	$ 2.30
Weighted average Common Shares outstanding - basic		1,736,284	1,736,284	1,751,870
Weighted average Common Shares outstanding - diluted		1,736,284	1,736,284	1,751,870
Distributions per Common Share outstanding		$ 3.95	$ 10.80	$ 6.42
[1]Operating expenses solely represent the Company’s operating expenses and do not include the Company’s proportionate share of the Master Fund’s operating expenses.

STATEMENTS OF CHANGES IN NET AS

STATEMENTS OF CHANGES IN NET ASSETS EQUITY - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Total
Beginning balance, value at Dec. 31, 2020	$ 1,807	$ 45,089,795	$ (4,135,924)	$ 40,955,678
Beginning balance, shares at Dec. 31, 2020	1,806,983
Net investment income			1,410,632	1,410,632
Net realized gains from investment in GCIF			20	20
Net change in unrealized depreciation from investment in GCIF			2,626,462	2,626,462
Net increase in net assets resulting from operations			4,037,114	4,037,114
Distributions from earnings			(2,308,862)	(2,308,862)
Distributions representing a return of capital		(8,852,520)		(8,852,520)
Net decrease in net assets resulting from shareholder distributions		(8,852,520)	(2,308,862)	(11,161,382)
Shares issued in connection with the dividend reinvestment plan	$ 11	254,146		254,157
Shares issued in connection with the dividend reinvestment plan, Shares	11,005
Repurchase of Common Shares	$ (81)	(1,902,787)		(1,902,868)
Repurchase of Common Shares, Shares	(81,704)
Net decrease in net assets resulting from capital share transactions	$ (70)	(1,648,641)		(1,648,711)
Net decrease in net assets resulting from capital share transactions, Shares	(70,699)
Reclassifications of permanent book-to-tax differences		(34,062)	34,062
Net decrease for the year	$ (70)	(10,535,223)	1,762,314	(8,772,979)
Net increase (decrease) for the year, Shares	(70,699)
Ending balance, value at Dec. 31, 2021	$ 1,737	34,554,572	(2,373,610)	32,182,699
Ending balance, shares at Dec. 31, 2021	1,736,284
Net investment income			756,829	756,829
Net change in unrealized depreciation from investment in GCIF			(1,279,476)	(1,279,476)
Net increase in net assets resulting from operations			(522,647)	(522,647)
Distributions from earnings			(930,687)	(930,687)
Distributions representing a return of capital		(17,803,819)		(17,803,819)
Net decrease in net assets resulting from shareholder distributions		(17,803,819)	(930,687)	(18,734,506)
Reclassifications of permanent book-to-tax differences		(251)	251
Net decrease for the year		(17,804,070)	(1,453,083)	(19,257,153)
Ending balance, value at Dec. 31, 2022	$ 1,737	16,750,502	(3,826,693)	12,925,546
Ending balance, shares at Dec. 31, 2022	1,736,284
Net investment income			83,667	83,667
Net change in unrealized depreciation from investment in GCIF			(53,899)	(53,899)
Net increase in net assets resulting from operations			29,768	29,768
Distributions from earnings			(200,517)	(200,517)
Distributions representing a return of capital		(6,657,816)		(6,657,816)
Net decrease in net assets resulting from shareholder distributions		(6,657,816)	(200,517)	(6,858,333)
Net decrease for the year		(6,657,816)	(170,749)	(6,828,565)
Ending balance, value at Dec. 31, 2023	$ 1,737	$ 10,092,686	$ (3,997,442)	$ 6,096,981
Ending balance, shares at Dec. 31, 2023	1,736,284

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating activities
Net increase (decrease) in net assets resulting from operations	$ 29,768	$ (522,647)	$ 4,037,114
Adjustments to reconcile net increase (decrease) in net assets from operations to net cash provided by operating activities:
Redemption of Master Fund shares			1,902,878
Proceeds from liquidation distributions	6,550,386	17,649,988	9,733,448
Net realized gain from investment in GCIF			(20)
Net change in unrealized (appreciation) depreciation from investment in GCIF	53,899	1,279,476	(2,626,462)
(Increase) decrease in operating liabilities:
Receivable from related parties			149,039
Deferred offering cost			108,769
Payable to related parties	581	(12,964)	(15,877)
Accrued professional services fees	(54,349)	29,206	40,233
Accounts payable, accrued expenses and other liabilities	(6,168)	(2,884)	13,987
Net cash provided by operating activities	6,574,117	18,420,175	13,343,109
Financing activities
Repurchase of Common Shares			(1,902,868)
Distributions paid	(6,858,333)	(18,734,506)	(10,907,225)
Net cash provided by (used in) financing activities	(6,858,333)	(18,734,506)	12,810,093
Net increase (decrease) in cash	(284,216)	(314,331)	533,016
Cash, beginning of year	990,500	1,304,831	771,815
Cash, end of year	706,284	990,500	1,304,831
Supplemental information and non-cash financing activities:
Distributions reinvested			$ 254,157

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	3 Months Ended												12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Pay vs Performance Disclosure [Table]
Net Income (Loss) Attributable to Parent	$ (17,557)	$ 83,743	$ (118,862)	$ 82,444	$ (350,280)	$ (92,252)	$ (477,557)	$ 397,442	$ 142,863	$ 240,869	$ 1,674,336	$ 1,979,046	$ 29,768	$ (522,647)	$ 4,037,114

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2023
Insider Trading Arrangements [Line Items]
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Principal Business and Organiza

Principal Business and Organization	12 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principal Business and Organization	Note 1. Principal Business and Organization Guggenheim Credit Income Fund 2019 (the “Company”) was formed as a Delaware statutory trust on September 5, 2014. The Company’s investment objectives are to provide its shareholders with current income, capital preservation and, to a lesser extent, long-term capital appreciation by investing substantially all of its equity capital in Guggenheim Credit Income Fund (the “Master Fund” or “GCIF”). The Company is a non-diversified closed-end management investment company that elected to be treated as a business development company (a “BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). The Master Fund elected to be treated as a BDC under the 1940 Act and it has the same investment objectives as the Company. The Master Fund commenced investment operations on April 2, 2015. The Master Fund’s consolidated financial statements are an integral part of the Company’s financial statements and should be read in their entirety. The Master Fund is externally managed by Guggenheim Partners Investment Management, LLC (“Guggenheim” or the “Advisor”), which is responsible for sourcing potential investments, analyzing and conducting due diligence on prospective investment opportunities, structuring investments and ongoing monitoring of the Master Fund’s investment portfolio. The Company was selling its common shares (“Shares” or “Common Shares”) pursuant to a registration statement on Form N-2 (the “Initial Registration Statement”) covering its continuous public offering of up to $1.0 billion (the “Initial Public Offering”). The Company suspended its Initial Public Offering of Common Shares, effective August 23, 2017, in connection with (i) the transition of the Master Fund’s investment advisory function to Guggenheim and (ii) a concurrent change in the Initial Public Offering’s dealer manager. On March 29, 2018 the Company filed a new registration statement on Form N-2 (the “Registration Statement”) covering a continuous public offering of up to $ 958.6 50 In accordance with the offering documents and the intention of Guggenheim Credit Income Fund 2016 T (“GCIF 2016T”) and the Company (together, the “Feeder Funds”) to provide substantial shareholder liquidity, the Boards of Trustees of the Master Fund and the Feeder Funds approved respective Plans of Liquidation for each company on March 30, 2021 (each, a “Liquidation Plan”). In accordance with the Liquidation Plans, the Board has declared multiple liquidating distributions. These distributions have been substantially composed of return of capital and have decreased the net asset value of the Master Fund and Feeder Funds. As such, the value on shareholder’s investment statements has decreased as liquidating distributions have been paid. In accordance with the Liquidation Plan, the Master Fund and the Feeder Funds will remain registered as a BDC and intend to maintain their qualifications, as regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). As of December 31, 2023, the Company owned 19.72%

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies Basis of Presentation Management has determined that the Company meets the definition of an investment company and follows the accounting and reporting guidance in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946 — Financial Services — Investment Companies The Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The accompanying financial statements of the Company and the related financial information have been prepared pursuant to the requirements for reporting on Form 10-K and Regulation S-X. The Company’s financial statements should be read in conjunction with the Master Fund’s financial statements. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect (i) the reported amounts of assets and liabilities at the date of the financial statements, (ii) the reported amounts of income and expenses during the reported period and (iii) disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ materially from those estimates under different assumptions and conditions. Cash Cash consists of demand deposits held at a major U.S. financial institution and the amount recorded on the statements of assets and liabilities may exceed the Federal Deposit Insurance Corporation insured limit. Management believes the credit risk related to its demand deposits is minimal. Valuation of Investments The Company invests substantially all of its equity capital in the purchase of the Master Fund’s common shares and its primary investment position is common shares of the Master Fund. The Company determines the fair value of the Master Fund’s common shares as the Master Fund’s net asset value per common share (as determined by the Master Fund) multiplied by the number of Master Fund common shares owned by the Company. The Company has implemented Accounting Standards Update (“ASU”) 2015-07, which permits a reporting entity, as a practical expedient, to measure the fair value of certain investments using the net asset value per share of the investment. Transactions with the Master Fund Distributions received from the Master Fund are recorded on the record date. Distributions received from the Master Fund are generally recognized as dividend income or return of capital in the current period, a portion of which may be subject to a change in characterization in future periods, including the potential for reclassification between dividend income and return of capital. The Company’s transactions with the Master Fund are recorded on the effective date of the subscription in, or the redemption of, Master Fund shares. Realized gains and losses resulting from the Company’s share repurchase transactions with the Master Fund are calculated on the specific share identification basis. Offering Expenses Continuous offering expenses are capitalized monthly on the Company’s statements of assets and liabilities as deferred offering costs and thereafter expensed to the Company’s statements of operations over a 12-month period on a straight-line basis commencing at the later of (i) when the expense was incurred or (ii) when operations began. Distributions to the Company’s Shareholders Declared distributions to the Company’s shareholders are recorded as a liability as of the record date. Federal Income Taxes The Company has elected to be treated for federal income tax purposes, and intends to maintain its qualification, as a RIC under the Code. Generally, a RIC is not subject to federal income taxes on distributed income and gains if it distributes dividends in a timely manner out of assets legally available for distributions to its shareholders of an amount generally at least equal to 90% The Company is generally subject to nondeductible federal excise taxes if it does not distribute dividends to its shareholders in respect of each calendar year of an amount at least equal to the sum of (i) 98% 98.2% i.e. st 4% The Company follows ASC 740, Income Taxes (“ASC 740”). ASC 740 provides guidance for how uncertain tax positions should be recognized, measured, presented and disclosed in the financial statements. ASC 740 requires the evaluation of tax positions taken or expected to be taken in the course of preparing our tax returns to determine whether the tax positions are “more-likely-than-not” of being sustained by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold are recorded as a tax benefit or expense in the current year. Penalties or interest, if applicable, that may be assessed relating to income taxes would be classified as other expenses in the statements of operations. Management has reviewed all open tax years and concluded that there is no effect to the Company’s financial positions or results of operations and no tax liability was required to be recorded resulting from unrecognized tax benefits relating to uncertain income tax position taken or expected to be taken on a tax return. During this period, the Company did not incur any material interest or penalties. Open tax years are those years that are open for examination by the relevant income taxing authority. As of December 31, 2023, open U.S. Federal and state income tax years include the tax years ended September 30, 2020 through September 30, 2023. The Company has no examinations in progress. Management’s determinations regarding ASC 740 may be subject to review and adjustment at a later date based upon factors including, but not limited to, an on-going analysis of tax laws, regulations and interpretations thereof.

Investments

Investments	12 Months Ended
	Dec. 31, 2023
Investments, All Other Investments [Abstract]
Investments	Note 3. Investments Below is a summary of the Company’s investment in the Master Fund, a related party: Schedule of investments End of Year Weighted Average Shares Owned Year Ended No. of Shares Quarter to Date Year to Date Cost Fair Value % of Net Assets December 31, 2023 5,046,351 5,046,351 5,046,351 $ 8,259,316 $ 5,476,803 89.8 % December 31, 2022 5,046,351 5,046,351 5,046,351 $ 14,809,703 $ 12,081,088 93.5 % Restricted Securities The Master Fund does not currently intend to list its common shares on any securities exchange, and it does not expect a secondary market to develop for its issued and outstanding common shares. As a result, the Company’s ability to sell its Master Fund common shares is limited. Because the Master Fund common shares are being acquired in one or more transactions not involving a public offering, they are “restricted securities” and may be required to be held indefinitely. Master Fund common shares may not be sold, transferred, assigned, pledged or otherwise disposed of unless (i) the Master Fund’s consent is granted and (ii) the Master Fund common shares are registered under applicable securities laws or specifically exempted from registration (in which case the Master Fund’s shareholder may, at the Master Fund’s option, be required to provide the Master Fund with a legal opinion, in form and substance satisfactory to the Master Fund, that registration is not required). Accordingly, a shareholder in the Master Fund, including the Company, must be willing to bear the economic risk of investing in the Master Fund common shares. No sale, transfer, assignment, pledge or other disposition, whether voluntary or involuntary, of the Master Fund’s common shares may be made except by registration of the transfer on the Master Fund’s books. Each transferee will be required to execute an instrument agreeing to be bound by these restrictions and the other restrictions imposed on the Master Fund common shares and to execute such other instruments or certifications as are reasonably required by the Master Fund. From October 15, 2015 through August 11, 2020, the Company acquired its investment in the Master Fund at prices ranging from $ 7.06 8.59 Share Repurchase Program The Master Fund has implemented a share repurchase program, whereby it conducts tender offers each calendar quarter. In accordance with the Liquidation Plan, the Master Fund’s share repurchase program has been suspended effective March 30, 2021.

Related Party Agreements and Tr

Related Party Agreements and Transactions	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
Related Party Agreements and Transactions	Related Party Agreements and Transactions The Company has entered into agreements with Guggenheim whereby the Company agrees to (i) receive expense support payments, (ii) reimburse certain expenses of, and to pay for, administrative, expense support, organization and offerings costs incurred by Guggenheim on the Company’s behalf and (iii) compensate Guggenheim Funds Distributors, LLC (“GFD”), an affiliate of Guggenheim, for capital market services in connection with the marketing and distribution of the Company’s Shares. The memberships of the Company’s Board of Trustees (the “Company’s Board” or the “Board of Trustees”) and the Master Fund’s Board are identical and consequently the Company and the Master Fund are related parties. All of the Company’s executive officers also serve as executive officers of the Master Fund. One of the Company’s executive officers, Brian Binder, Senior Vice President, serves as an executive officer of Guggenheim. Administrative Services Agreement The Company is party to an administrative services agreement with Guggenheim (the “Administrative Services Agreement”) whereby Guggenheim, serving as the administrator (the “Administrator”), has agreed to provide administrative services, including office facilities and equipment and clerical, bookkeeping and record-keeping services. More specifically, the Administrator performs and oversees the Company’s required administrative services, which include financial and corporate record-keeping, preparing and disseminating the Company’s reports to its shareholders and filing reports with the SEC. In addition, the Administrator assists in determining net asset value, overseeing the preparation and filing of tax returns, overseeing the payment of expenses and distributions and overseeing the performance of administrative and professional services rendered by others. For providing these services, facilities and personnel, the Company reimburses the Administrator for the allocable portion of overhead and other expenses incurred by the Administrator in performing its obligations under the Administrative Services Agreement. To the extent that the Administrator outsources any of its functions, the Company may pay the fees associated with such functions on a direct basis, without incremental profit to the Administrator. The Administrative Services Agreement may be terminated at any time, without the payment of any penalty: (i) by the Company upon 60 days’ written notice to Guggenheim upon the vote of the Company’s independent trustees or (ii) by Guggenheim upon not less than 120 days’ written notice to the Company. Unless earlier terminated, the Administrative Services Agreement will remain in effect for two years, and thereafter shall continue automatically for successive one-year periods if approved annually by a majority of the Board of Trustees and the Master Fund’s independent trustees. Dealer Manager Agreement The Company is party to a dealer manager agreement with GFD (the “Dealer Manager Agreement”). Under the terms of the Dealer Manager Agreement, GFD is to act on a best efforts basis as the exclusive dealer manager for (i) the Company’s Public Offering and (ii) the public offering of common shares for future feeder funds affiliated with the Master Fund. The Company, not the Master Fund, is responsible for the compensation of GFD pursuant to the terms of the Dealer Manager Agreement. The Dealer Manager Agreement may be terminated by the Company or GFD upon 60 calendar days’ written notice to the other party. In the event that the Company or GFD terminates the Dealer Manager Agreement with respect to the Company, the Dealer Manager Agreement will continue with respect to any other feeder fund. Organization and Offering Expense Reimbursement Agreement The Company is party to an organization and offering expense reimbursement agreement (the “O&O Agreement”) with Guggenheim. Under the O&O Agreement, the Company is to reimburse Guggenheim for organization and offering expenses incurred on the Company’s behalf, including, but not limited to, legal services, audit services, printer services and the registration of securities under the Securities Act. The reimbursement of organization and offering expenses is conditional on the Company’s receipt of equity capital from the sale of its Common Shares. Any such reimbursement would not exceed actual expenses incurred by Guggenheim and its affiliates. Guggenheim is responsible for the payment of the Company’s cumulative organization and offering expenses to the extent they exceeded 1.5% Any costs incurred by Guggenheim related to the Initial Public Offering are no longer eligible for reimbursement. Any offering costs incurred by Guggenheim on behalf of the Company associated with the Public Offering are subject to reimbursement under the terms and conditions of the O&O Agreement. Under the terms of the O&O Agreement, the Company is not obligated to reimburse Guggenheim for any unreimbursed offering expenses after the close of the Company’s Public Offering on December 31, 2020. Expense Support and Conditional Reimbursement Agreement The Company entered into an expense support and conditional reimbursement agreement with Guggenheim whereby Guggenheim agreed to reimburse the Company monthly for expenses in an amount equal to the difference between the Company’s cumulative distributions paid to its shareholders in each month less the sum of the Company’s estimated investment company taxable income and net capital gains in each month. The Expense Support Agreement will automatically terminate if (i) the Master Fund terminates the Investment Advisory Agreement with Guggenheim or (ii) the Company’s Board of Trustees makes a determination to dissolve or liquidate the Company. The Board of Trustees’ approval of a Liquidation Plan on March 30, 2021 is deemed a liquidity event and therefore, the Expense Support Agreement is deemed terminated. Upon termination of the Expense Support Agreement, Guggenheim is required to fund any amounts accrued thereunder as of the date of termination. Similarly, the conditional obligation of the Company to reimburse Guggenheim pursuant to the terms of the Expense Support Agreement shall survive the termination of the Expense Support Agreement. Pursuant to the Expense Support Agreement, the Company has a conditional obligation to reimburse Guggenheim for any amounts funded by Guggenheim under this arrangement or the Prior Expense Support Agreement if (and only to the extent that), during any month occurring within three years of the date on which Guggenheim funded such amount, the sum of the Company’s estimated investment company taxable income and net capital gains exceeds the ordinary cash distributions paid by the Company to its shareholders; provided, however, that (i) the Company will only reimburse Guggenheim for expense payments made by Guggenheim to the extent that the payment of such reimbursement (together with any other reimbursement paid during such fiscal year) does not cause “other operating expenses” (as defined below) (on an annualized basis and net of any expense support reimbursement payments received by the Company during such fiscal year) to exceed the lesser of (A) 1.75% As of the Board of Trustees’ approval of the Liquidation Plan, the total amount of expense support received from Guggenheim that is still eligible for reimbursement is $ 967,781 Summary of Related Party Transactions The following table presents the related party fees, expenses and transactions, excluding related transactions between the Company and the Master Fund in connection with Common Shares purchases, sales and distributions, for the years ended December 31, 2023, December 31, 2022, and December 31, 2021: Schedule of related party fees, expenses and transactions For the Years Ended December 31, Related Party Source Agreement & Description 2023 2022 2021 Related Party Expense: Guggenheim Administrative Services Agreement - expense reimbursement $ 47,770 $ 73,635 $ 120,840 Related Party Income: Expense Support Agreement - expense support from related parties $ — $ — $ 93,663 Indemnification The Administrative Services Agreement provides certain indemnification to Guggenheim, its directors, officers, persons associated with Guggenheim and its affiliates. In addition, the Company’s Declaration of Trust, as amended, provides certain indemnifications to its officers, trustees, agents and certain other persons. The Dealer Manager Agreement provides for certain indemnifications from the Company (with respect to the primary offering of its Common Shares) to GFD, any selected dealers and their respective officers, directors, employees, members, affiliates, agents, representatives and, if any, each person who controls such person or entity within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act. Such indemnifications are subject to certain limitations as provided for in the Company’s Declaration of Trust and the North American Securities Administrators Association Guidelines and are considered customary by management. As of December 31, 2023 and December 31, 2022, management believes that the risk of incurring any losses for such indemnification is remote.

Common Shares

Common Shares	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Common Shares	Common Shares Issuance of Common Shares The Company’s Initial Registration Statement pertaining to its Initial Public Offering was declared effective on July 31, 2015. The following table summarizes the total Common Shares issued and proceeds received in connection with the Company’s Public Offerings and reinvestment of distributions for (i) the year ended December 31, 2023 and (ii) the period commencing on July 31, 2015 (inception) through December 31, 2023, including the event that the Initial Public Offering was suspended on August 23, 2017: Schedule of total common shares issued and proceeds received Year Ended December 31, 2023 Inception through December 31, 2023 Shares Amount Shares Amount Gross proceeds from Public Offerings — $ — 1,959,348 $ 50,158,691 Dealer Manager fees and commissions — — — (890,172 ) Net proceeds to the Company from Public Offerings — — 1,959,348 49,268,519 Reinvestment of shareholders’ distributions — — 278,752 6,762,060 Net proceeds from all issuance of Common Shares — $ — 2,238,100 $ 56,030,579 Average net proceeds per Common Share $ — $25.03 Repurchase of Common Shares The following table is a summary of the quarterly tender offers, completed pursuant to the share repurchase program, during the three years ended December 31, 2023: Schedule of quarterly tender offers, completed pursuant to the share repurchase Tender Offer Termination Date Total Number of Shares Offered to Repurchase Total Number of Shares Repurchased Total Consideration Price Paid per Share No. of Shares Repurchased / Total Offer No. of Shares Repurchased / Weighted Average Shares (1) 2021: March 8, 2021 (2) 45,564 81,704 $ 1,902,868 $ 23.29 179.3 % 4.48 % Total 45,564 81,704 $ 1,902,868 179.3 % (1) Weighted average shares is based on the weighted average number of common shares outstanding in the prior four calendar quarters. (2) The Company filed a tender offer to purchase up to 45,564 Shares on February 1, 2021. In accordance with Rule 13e-4(f), the Company determined to accept for purchase up to an additional 2.0% of our then outstanding Shares, increasing the offer to 81,704 Shares. The Company repurchased 81,704 Shares which represents approximately 59% of all Shares that were validly tendered. In accordance with the Liquidation Plan, the Company’s share repurchase program and distribution reinvestment plan have been suspended effective March 30, 2021.

Distributions

Distributions	12 Months Ended
	Dec. 31, 2023
Distributions
Distributions	Note 6. Distributions The following table summarizes the distributions that the Company declared on its Common Shares during the years ended December 31, 2023, December 31, 2022, and December 31, 2021: Schedule of distributions Record Date Payment Date Distribution per Share at Record Date Distribution per Share at Payment Date Distribution Amount For Fiscal Year 2023 March 22 March 23 $ 1.98000 $ 1.98000 $ 3,437,853 June 23 June 26 1.13000 1.13000 1,962,001 October 5 October 6 0.84000 0.84000 1,458,477 $ 3.95000 $ 6,858,331 For Fiscal Year 2022 February 3 February 7 $ 2.27000 $ 2.27000 $ 3,941,365 May 23 May 25 2.27000 2.27000 3,941,365 August 25 August 29 2.27000 2.27000 3,941,365 October 28 October 31 2.27000 2.27000 3,941,365 December 22 December 23 1.71000 1.71000 2,969,046 $ 10.79000 $ 18,734,506 For Fiscal Year 2021 January 11 January 13 $ 0.09855 $ 0.09855 $ 178,078 February 9 February 11 0.09855 0.09855 178,443 March 8 March 9 0.09855 0.09855 178,802 June 3 June 7 2.91000 2.91000 5,052,588 August 4 August 6 2.73000 2.73000 4,740,056 November 3 November 5 0.48000 0.48000 833,415 $ 6.41565 $ 11,161,382

Financial Highlights

Financial Highlights	12 Months Ended
	Dec. 31, 2023
Investment Company [Abstract]
Financial Highlights	Note 7. Financial Highlights The following per Common Share data and financial ratios have been derived from information provided in the financial statements. The following is a schedule of financial highlights during the year ended December 31, 2023, December 31, 2022, December 31, 2021, December 31, 2020 and December 31, 2019: Schedule of financial highlights Year Ended December 31, 2023 Year Ended December 31, 2022 Year Ended December 31, 2021 Year Ended December 31, 2020 Year Ended December 31, 2019 PER COMMON SHARE OPERATING PERFORMANCE Net asset value, beginning of year $ 7.44 $ 18.54 $ 22.67 $ 23.37 $ 24.56 Net investment income (1) 0.05 0.44 0.81 1.47 1.45 Net realized gains from investment in GCIF (1) — — — 0.02 0.14 Net unrealized appreciation (depreciation) from investment in GCIF (2) (0.03 ) (0.74 ) 1.48 (0.67 ) (0.94 ) Net increase (decrease) resulting from operations 0.02 (0.30 ) 2.29 0.82 0.65 Distributions to common shareholders Distributions from net investment income (3) (0.12 ) (0.54 ) (1.33 ) (1.47 ) (1.45 ) Distributions from realized gains on investment (3) — — — — (0.39 ) Distributions in excess of net investment income (3) — — — (0.05 ) — Distributions representing return of capital (3) (3.83 ) (10.26 ) (5.09 ) — — Net decrease resulting from distributions (3.95 ) (10.80 ) (6.42 ) (1.52 ) (1.84 ) Net asset value, end of year $ 3.51 $ 7.44 $ 18.54 $ 22.67 $ 23.37 INVESTMENT RETURNS Total investment return-net price (4) N/A N/A N/A N/A N/A Total investment return-net asset value (4) 0.22 % (2.98 )% 10.40 % 4.06 % 2.66 % RATIOS/SUPPLEMENTAL DATA Net assets, end of year $ 6,096,981 $ 12,925,546 $ 32,182,699 $ 40,955,678 $ 37,529,070 Average net assets (5) $ 8,927,894 $ 23,751,361 $ 37,415,826 $ 39,462,941 $ 38,652,998 Common Shares outstanding, end of year 1,736,284 1,736,284 1,736,284 1,806,983 1,606,201 Weighted average Common Shares outstanding 1,736,284 1,736,284 1,751,870 1,822,578 1,601,576 Ratios-to-average net assets: (5) (6) Total operating expenses 2.56 % 1.33 % 0.99 % 1.37 % 1.22 % Effect of expense support received from reimbursement to (received from) the Advisors — % — % (0.25 )% (1.51 )% (0.42 )% Net expenses (reimbursements) 2.56 % 1.33 % 0.74 % (0.14 )% 0.80 % Net investment income 0.94 % 3.19 % 3.77 % 6.78 % 5.99 % (1) The per Common Share data was derived by using the weighted average Common Shares outstanding during the period presented. (2) The amounts shown at this caption are the balancing figures derived from the other figures in the schedule. The amounts shown at this caption for a Common Share outstanding throughout the period may not agree with the change in the aggregate gains and losses in portfolio securities for the period because of the timing of sales of the Company’s Common Shares in relation to fluctuating market values for the portfolio. (3) The per Common Share data for distributions is the actual amount of distributions paid or payable per Common Share outstanding during the entire period; distributions per Common Share are rounded to the nearest $0.01. For income tax purposes, distributions made to shareholders are reported as ordinary income, capital gains, non-taxable return of capital or a combination thereof, based on taxable income calculated in accordance with income tax regulations which may differ from amounts determined under GAAP. The tax character of distribution shown above is an estimate since the exact amount cannot be determined at this point. As of December 31, 2023, the Company estimated distributions to be composed mostly of return of capital. The final determination of the tax character of distributions will not be made until we file our tax return. (4) Total investment return-net asset value is a measure of the change in total value for shareholders who held the Company’s Common Shares at the beginning and end of the period, including distributions declared during the period. Total investment return-net asset value is based on (i) net asset value per share on the first day of the period, (ii) the net asset value per share on the last day of the period, plus any shares issued in connection with the reinvestment of monthly distributions and (iii) distributions payable relating to the ownership of shares, if any, on the last day of the period. The total investment return-net asset value calculation assumes that distributions are reinvested in accordance with the Company’s distribution reinvestment plan, net of sales load, on each monthly distribution payment date. Because there is no public market for the Company’s shares, the terminal market value per share is assumed to be equal to net asset value per share on the last day of the period presented. Investment performance is presented without regard to sales load that may be incurred by shareholders in the purchase of the Company’s Common Shares. The Company’s performance changes over time and currently may be different than that shown above. Past performance is no guarantee of future results. (5) The computation of average net assets during the period is based on averaging the amount on the first day of the first month of the period and the last day of each month during the period. (6) The ratios-to-average net assets do not include any proportionate allocation of income and expenses incurred at the Master Fund. The Master Fund’s total expenses-to-average net assets for the years ended December 31, 2023, December 31, 2022, December 31, 2021, December 31, 2020 and December 31, 2019, were 5.16%, 3.30%, 5.06%, 7.30%, and 7.87% respectively.

Taxable_Distributable Income

Taxable/Distributable Income	12 Months Ended
	Dec. 31, 2023
Taxabledistributable Income
Taxable/Distributable Income	Note 8. Taxable/Distributable Income Income and capital gain distributions are determined in accordance with the Code and federal tax regulations, which may differ from amounts determined in accordance with GAAP. The book-to-tax basis differences, which could be material, may be due to differing treatments of income and gains on various investment securities held by the Master Fund. Permanent book-to-tax basis differences result in reclassifications to paid-in capital in excess of par value and accumulated distributions in excess of net investment income. Undistributed (distributions in excess of) net investment income, accumulated net realized gains and accumulated net unrealized appreciation on investments, may include temporary book and tax basis differences which will reverse in subsequent periods. For the years ended December 31, 2023, December 31, 2022 and December 31, 2021, the Company made the following reclassifications of permanent book-to-tax basis differences: Schedule of permanent reclassifications For the Years Ended December 31, Capital Accounts 2023 2022 2021 Paid in capital in excess of par value $ — $ (251 ) $ (34,062 ) Distributions in excess of net investment income — 251 34,062 Total $ — $ — $ — The following table reconciles net increase (decrease) in net assets resulting from operations to total taxable income available for distributions for the tax years ended September 30, 2023, September 30, 2022 and September 30, 2021: Reconcilation of net increase (decrease) in net assets resulting from operations to total taxable income available for distributions Tax Years Ended September 30, 2023 2022 2021 Net increase (decrease) in net assets resulting from operations $ (304,725 ) $ (1,441,369 ) $ 528,778 Net change in unrealized depreciation 437,934 2,219,674 1,411,867 Offering expense — 251 34,062 Other book-tax differences 93,034 (3,266 ) (6,531 ) Total taxable income available for distributions $ 226,243 $ 775,290 $ 1,968,176 The Company did not incur U.S. federal excise tax for the calendar years ended December 31, 2022 and December 31, 2021 and the Company does not expect to incur a U.S. federal excise tax for the calendar year ended December 31, 2023 . The tax character of shareholder distributions attributable to the tax years ended September 30, 2023, September 30, 2022 and September 30, 2021 was as follows: Schedule of shareholder distributions Tax Years Ended September 30, Paid Distributions attributable to: 2023 2022 2021 Ordinary income $ 226,243 $ 775,290 $ 1,976,427 Long-term capital gains (1) — — — Return of capital 12,084,012 11,882,221 8,863,843 Total $ 12,310,255 $ 12,657,511 $ 10,840,270 Paid distributions as a percentage of taxable income available for distributions 5,441.2 % 1,632.6 % 550.8 % (1) The Company designates as long term capital gain dividends, pursuant to Internal Revenue Code Section 852(b)(3). As of September 30, 2023 and September 30, 2022 , the components of tax basis accumulated earnings were as follows: Schedule of components of tax basis accumulated earnings As of September 30, 2023 2022 Undistributed ordinary income, net $ — $ — Undistributed capital gains (losses) — — Unrealized losses (2,812,670 ) (2,275,170 ) Other temporary adjustments (48,985 ) (55,517 ) Total accumulated loss, net $ (2,861,655 ) $ (2,330,687 )

Selected Quarterly Financial Da

Selected Quarterly Financial Data (Unaudited)	12 Months Ended
	Dec. 31, 2023
Quarterly Financial Information Disclosure [Abstract]
Selected Quarterly Financial Data (Unaudited)	Note 9. Selected Quarterly Financial Data (Unaudited) The following table sets forth selected financial data for each quarter within the three years ended December 31, 2023, December 31, 2022 and December 31, 2021: Selected unaudited quarterly financial As of and for the three months ended December 31, 2023 September 30, 2023 June 30, 2023 March 31, 2023 Total investment income $ 167,616 $ — $ 60,660 $ 84,376 Net investment income 107,351 (100,974 ) (10,313 ) 87,603 Net change in unrealized appreciation (depreciation) on investment (124,908 ) 184,717 (108,549 ) (5,159 ) Net increase (decrease) in net assets resulting from operations (17,557 ) 83,743 (118,862 ) 82,444 Net assets 6,096,981 7,573,017 7,489,274 9,570,137 Total investment income per Common Share outstanding - basic and diluted 0.10 — 0.03 0.05 Net investment income per Common Share outstanding - basic and diluted 0.07 (0.06 ) (0.01 ) 0.05 Earnings (loss) per Common Share - basic and diluted (0.01 ) 0.05 (0.07 ) 0.05 Net asset value per Common Share at end of quarter 3.51 4.36 4.31 5.51 As of and for the three months ended December 31, 2022 September 30, 2022 June 30, 2022 March 31, 2022 Total investment income $ 180,773 $ 205,089 $ 255,183 $ 430,931 Net investment income 158,662 106,323 154,943 336,901 Net change in unrealized appreciation (depreciation) on investment (508,942 ) (198,575 ) (632,500 ) 60,541 Net increase (decrease) in net assets resulting from operations (350,280 ) (92,252 ) (477,557 ) 397,442 Net assets 12,925,546 20,186,237 24,219,854 28,638,776 Total investment income per Common Share outstanding - basic and diluted 0.10 0.12 0.15 0.25 Net investment income per Common Share outstanding - basic and diluted 0.09 0.06 0.09 0.19 Earnings (loss) per Common Share - basic and diluted (0.20 ) (0.05 ) (0.28 ) 0.23 Net asset value per Common Share at end of quarter 7.44 11.63 13.95 16.49 As of and for the three months ended December 31, 2021 September 30, 2021 June 30, 2021 March 31, 2021 Total investment income $ 253,745 $ 275,695 $ 637,230 $ 519,623 Net investment income 180,136 184,681 542,206 503,609 Net realized gain from investment in Guggenheim Credit Income Fund — — — 20 Net change in unrealized appreciation (depreciation) on investment (37,273 ) 56,188 1,132,130 1,475,417 Net increase in net assets resulting from operations 142,863 240,869 1,674,336 1,979,046 Net assets 32,182,699 32,873,251 37,372,438 40,750,690 Total investment income per Common Share outstanding - basic and diluted 0.15 0.16 0.37 0.29 Net investment income per Common Share outstanding - basic and diluted 0.11 0.11 0.31 0.28 Earnings per Common Share - basic and diluted 0.08 0.14 0.96 1.10 Net asset value per Common Share at end of quarter 18.54 18.93 21.52 23.47

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	Note 10. Subsequent Events Management has evaluated subsequent events through the date of issuance of these financial statements and has determined that there are no subsequent events outside the ordinary scope of business that require adjustment to, or disclosure in, the financial statements.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation Management has determined that the Company meets the definition of an investment company and follows the accounting and reporting guidance in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946 — Financial Services — Investment Companies The Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The accompanying financial statements of the Company and the related financial information have been prepared pursuant to the requirements for reporting on Form 10-K and Regulation S-X. The Company’s financial statements should be read in conjunction with the Master Fund’s financial statements.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect (i) the reported amounts of assets and liabilities at the date of the financial statements, (ii) the reported amounts of income and expenses during the reported period and (iii) disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ materially from those estimates under different assumptions and conditions.
Cash	Cash Cash consists of demand deposits held at a major U.S. financial institution and the amount recorded on the statements of assets and liabilities may exceed the Federal Deposit Insurance Corporation insured limit. Management believes the credit risk related to its demand deposits is minimal.
Valuation of Investments	Valuation of Investments The Company invests substantially all of its equity capital in the purchase of the Master Fund’s common shares and its primary investment position is common shares of the Master Fund. The Company determines the fair value of the Master Fund’s common shares as the Master Fund’s net asset value per common share (as determined by the Master Fund) multiplied by the number of Master Fund common shares owned by the Company. The Company has implemented Accounting Standards Update (“ASU”) 2015-07, which permits a reporting entity, as a practical expedient, to measure the fair value of certain investments using the net asset value per share of the investment.
Transactions with the Master Fund	Transactions with the Master Fund Distributions received from the Master Fund are recorded on the record date. Distributions received from the Master Fund are generally recognized as dividend income or return of capital in the current period, a portion of which may be subject to a change in characterization in future periods, including the potential for reclassification between dividend income and return of capital. The Company’s transactions with the Master Fund are recorded on the effective date of the subscription in, or the redemption of, Master Fund shares. Realized gains and losses resulting from the Company’s share repurchase transactions with the Master Fund are calculated on the specific share identification basis.
Offering Expenses	Offering Expenses Continuous offering expenses are capitalized monthly on the Company’s statements of assets and liabilities as deferred offering costs and thereafter expensed to the Company’s statements of operations over a 12-month period on a straight-line basis commencing at the later of (i) when the expense was incurred or (ii) when operations began.
Distributions to the Company’s Shareholders	Distributions to the Company’s Shareholders Declared distributions to the Company’s shareholders are recorded as a liability as of the record date.
Federal Income Taxes	Federal Income Taxes The Company has elected to be treated for federal income tax purposes, and intends to maintain its qualification, as a RIC under the Code. Generally, a RIC is not subject to federal income taxes on distributed income and gains if it distributes dividends in a timely manner out of assets legally available for distributions to its shareholders of an amount generally at least equal to 90% The Company is generally subject to nondeductible federal excise taxes if it does not distribute dividends to its shareholders in respect of each calendar year of an amount at least equal to the sum of (i) 98% 98.2% i.e. st 4% The Company follows ASC 740, Income Taxes (“ASC 740”). ASC 740 provides guidance for how uncertain tax positions should be recognized, measured, presented and disclosed in the financial statements. ASC 740 requires the evaluation of tax positions taken or expected to be taken in the course of preparing our tax returns to determine whether the tax positions are “more-likely-than-not” of being sustained by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold are recorded as a tax benefit or expense in the current year. Penalties or interest, if applicable, that may be assessed relating to income taxes would be classified as other expenses in the statements of operations. Management has reviewed all open tax years and concluded that there is no effect to the Company’s financial positions or results of operations and no tax liability was required to be recorded resulting from unrecognized tax benefits relating to uncertain income tax position taken or expected to be taken on a tax return. During this period, the Company did not incur any material interest or penalties. Open tax years are those years that are open for examination by the relevant income taxing authority. As of December 31, 2023, open U.S. Federal and state income tax years include the tax years ended September 30, 2020 through September 30, 2023. The Company has no examinations in progress. Management’s determinations regarding ASC 740 may be subject to review and adjustment at a later date based upon factors including, but not limited to, an on-going analysis of tax laws, regulations and interpretations thereof.

Investments (Tables)

Investments (Tables)	12 Months Ended
	Dec. 31, 2023
Investments, All Other Investments [Abstract]
Schedule of investments	Schedule of investments End of Year Weighted Average Shares Owned Year Ended No. of Shares Quarter to Date Year to Date Cost Fair Value % of Net Assets December 31, 2023 5,046,351 5,046,351 5,046,351 $ 8,259,316 $ 5,476,803 89.8 % December 31, 2022 5,046,351 5,046,351 5,046,351 $ 14,809,703 $ 12,081,088 93.5 %

Related Party Agreements and _2

Related Party Agreements and Transactions (Tables)	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
Schedule of related party fees, expenses and transactions	Schedule of related party fees, expenses and transactions For the Years Ended December 31, Related Party Source Agreement & Description 2023 2022 2021 Related Party Expense: Guggenheim Administrative Services Agreement - expense reimbursement $ 47,770 $ 73,635 $ 120,840 Related Party Income: Expense Support Agreement - expense support from related parties $ — $ — $ 93,663

Common Shares (Tables)

Common Shares (Tables)	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Schedule of total common shares issued and proceeds received	Schedule of total common shares issued and proceeds received Year Ended December 31, 2023 Inception through December 31, 2023 Shares Amount Shares Amount Gross proceeds from Public Offerings — $ — 1,959,348 $ 50,158,691 Dealer Manager fees and commissions — — — (890,172 ) Net proceeds to the Company from Public Offerings — — 1,959,348 49,268,519 Reinvestment of shareholders’ distributions — — 278,752 6,762,060 Net proceeds from all issuance of Common Shares — $ — 2,238,100 $ 56,030,579 Average net proceeds per Common Share $ — $25.03
Schedule of quarterly tender offers, completed pursuant to the share repurchase	Schedule of quarterly tender offers, completed pursuant to the share repurchase Tender Offer Termination Date Total Number of Shares Offered to Repurchase Total Number of Shares Repurchased Total Consideration Price Paid per Share No. of Shares Repurchased / Total Offer No. of Shares Repurchased / Weighted Average Shares (1) 2021: March 8, 2021 (2) 45,564 81,704 $ 1,902,868 $ 23.29 179.3 % 4.48 % Total 45,564 81,704 $ 1,902,868 179.3 % (1) Weighted average shares is based on the weighted average number of common shares outstanding in the prior four calendar quarters. (2) The Company filed a tender offer to purchase up to 45,564 Shares on February 1, 2021. In accordance with Rule 13e-4(f), the Company determined to accept for purchase up to an additional 2.0% of our then outstanding Shares, increasing the offer to 81,704 Shares. The Company repurchased 81,704 Shares which represents approximately 59% of all Shares that were validly tendered.

Distributions (Tables)

Distributions (Tables)	12 Months Ended
	Dec. 31, 2023
Distributions
Schedule of distributions	Schedule of distributions Record Date Payment Date Distribution per Share at Record Date Distribution per Share at Payment Date Distribution Amount For Fiscal Year 2023 March 22 March 23 $ 1.98000 $ 1.98000 $ 3,437,853 June 23 June 26 1.13000 1.13000 1,962,001 October 5 October 6 0.84000 0.84000 1,458,477 $ 3.95000 $ 6,858,331 For Fiscal Year 2022 February 3 February 7 $ 2.27000 $ 2.27000 $ 3,941,365 May 23 May 25 2.27000 2.27000 3,941,365 August 25 August 29 2.27000 2.27000 3,941,365 October 28 October 31 2.27000 2.27000 3,941,365 December 22 December 23 1.71000 1.71000 2,969,046 $ 10.79000 $ 18,734,506 For Fiscal Year 2021 January 11 January 13 $ 0.09855 $ 0.09855 $ 178,078 February 9 February 11 0.09855 0.09855 178,443 March 8 March 9 0.09855 0.09855 178,802 June 3 June 7 2.91000 2.91000 5,052,588 August 4 August 6 2.73000 2.73000 4,740,056 November 3 November 5 0.48000 0.48000 833,415 $ 6.41565 $ 11,161,382

Financial Highlights (Tables)

Financial Highlights (Tables)	12 Months Ended
	Dec. 31, 2023
Investment Company [Abstract]
Schedule of financial highlights	Schedule of financial highlights Year Ended December 31, 2023 Year Ended December 31, 2022 Year Ended December 31, 2021 Year Ended December 31, 2020 Year Ended December 31, 2019 PER COMMON SHARE OPERATING PERFORMANCE Net asset value, beginning of year $ 7.44 $ 18.54 $ 22.67 $ 23.37 $ 24.56 Net investment income (1) 0.05 0.44 0.81 1.47 1.45 Net realized gains from investment in GCIF (1) — — — 0.02 0.14 Net unrealized appreciation (depreciation) from investment in GCIF (2) (0.03 ) (0.74 ) 1.48 (0.67 ) (0.94 ) Net increase (decrease) resulting from operations 0.02 (0.30 ) 2.29 0.82 0.65 Distributions to common shareholders Distributions from net investment income (3) (0.12 ) (0.54 ) (1.33 ) (1.47 ) (1.45 ) Distributions from realized gains on investment (3) — — — — (0.39 ) Distributions in excess of net investment income (3) — — — (0.05 ) — Distributions representing return of capital (3) (3.83 ) (10.26 ) (5.09 ) — — Net decrease resulting from distributions (3.95 ) (10.80 ) (6.42 ) (1.52 ) (1.84 ) Net asset value, end of year $ 3.51 $ 7.44 $ 18.54 $ 22.67 $ 23.37 INVESTMENT RETURNS Total investment return-net price (4) N/A N/A N/A N/A N/A Total investment return-net asset value (4) 0.22 % (2.98 )% 10.40 % 4.06 % 2.66 % RATIOS/SUPPLEMENTAL DATA Net assets, end of year $ 6,096,981 $ 12,925,546 $ 32,182,699 $ 40,955,678 $ 37,529,070 Average net assets (5) $ 8,927,894 $ 23,751,361 $ 37,415,826 $ 39,462,941 $ 38,652,998 Common Shares outstanding, end of year 1,736,284 1,736,284 1,736,284 1,806,983 1,606,201 Weighted average Common Shares outstanding 1,736,284 1,736,284 1,751,870 1,822,578 1,601,576 Ratios-to-average net assets: (5) (6) Total operating expenses 2.56 % 1.33 % 0.99 % 1.37 % 1.22 % Effect of expense support received from reimbursement to (received from) the Advisors — % — % (0.25 )% (1.51 )% (0.42 )% Net expenses (reimbursements) 2.56 % 1.33 % 0.74 % (0.14 )% 0.80 % Net investment income 0.94 % 3.19 % 3.77 % 6.78 % 5.99 % (1) The per Common Share data was derived by using the weighted average Common Shares outstanding during the period presented. (2) The amounts shown at this caption are the balancing figures derived from the other figures in the schedule. The amounts shown at this caption for a Common Share outstanding throughout the period may not agree with the change in the aggregate gains and losses in portfolio securities for the period because of the timing of sales of the Company’s Common Shares in relation to fluctuating market values for the portfolio. (3) The per Common Share data for distributions is the actual amount of distributions paid or payable per Common Share outstanding during the entire period; distributions per Common Share are rounded to the nearest $0.01. For income tax purposes, distributions made to shareholders are reported as ordinary income, capital gains, non-taxable return of capital or a combination thereof, based on taxable income calculated in accordance with income tax regulations which may differ from amounts determined under GAAP. The tax character of distribution shown above is an estimate since the exact amount cannot be determined at this point. As of December 31, 2023, the Company estimated distributions to be composed mostly of return of capital. The final determination of the tax character of distributions will not be made until we file our tax return. (4) Total investment return-net asset value is a measure of the change in total value for shareholders who held the Company’s Common Shares at the beginning and end of the period, including distributions declared during the period. Total investment return-net asset value is based on (i) net asset value per share on the first day of the period, (ii) the net asset value per share on the last day of the period, plus any shares issued in connection with the reinvestment of monthly distributions and (iii) distributions payable relating to the ownership of shares, if any, on the last day of the period. The total investment return-net asset value calculation assumes that distributions are reinvested in accordance with the Company’s distribution reinvestment plan, net of sales load, on each monthly distribution payment date. Because there is no public market for the Company’s shares, the terminal market value per share is assumed to be equal to net asset value per share on the last day of the period presented. Investment performance is presented without regard to sales load that may be incurred by shareholders in the purchase of the Company’s Common Shares. The Company’s performance changes over time and currently may be different than that shown above. Past performance is no guarantee of future results. (5) The computation of average net assets during the period is based on averaging the amount on the first day of the first month of the period and the last day of each month during the period. (6) The ratios-to-average net assets do not include any proportionate allocation of income and expenses incurred at the Master Fund. The Master Fund’s total expenses-to-average net assets for the years ended December 31, 2023, December 31, 2022, December 31, 2021, December 31, 2020 and December 31, 2019, were 5.16%, 3.30%, 5.06%, 7.30%, and 7.87% respectively.

Taxable_Distributable Income (T

Taxable/Distributable Income (Tables)	12 Months Ended
	Dec. 31, 2023
Taxabledistributable Income
Schedule of permanent reclassifications	Schedule of permanent reclassifications For the Years Ended December 31, Capital Accounts 2023 2022 2021 Paid in capital in excess of par value $ — $ (251 ) $ (34,062 ) Distributions in excess of net investment income — 251 34,062 Total $ — $ — $ —
Reconcilation of net increase (decrease) in net assets resulting from operations to total taxable income available for distributions	Reconcilation of net increase (decrease) in net assets resulting from operations to total taxable income available for distributions Tax Years Ended September 30, 2023 2022 2021 Net increase (decrease) in net assets resulting from operations $ (304,725 ) $ (1,441,369 ) $ 528,778 Net change in unrealized depreciation 437,934 2,219,674 1,411,867 Offering expense — 251 34,062 Other book-tax differences 93,034 (3,266 ) (6,531 ) Total taxable income available for distributions $ 226,243 $ 775,290 $ 1,968,176
Schedule of shareholder distributions	Schedule of shareholder distributions Tax Years Ended September 30, Paid Distributions attributable to: 2023 2022 2021 Ordinary income $ 226,243 $ 775,290 $ 1,976,427 Long-term capital gains (1) — — — Return of capital 12,084,012 11,882,221 8,863,843 Total $ 12,310,255 $ 12,657,511 $ 10,840,270 Paid distributions as a percentage of taxable income available for distributions 5,441.2 % 1,632.6 % 550.8 % (1) The Company designates as long term capital gain dividends, pursuant to Internal Revenue Code Section 852(b)(3).
Schedule of components of tax basis accumulated earnings	Schedule of components of tax basis accumulated earnings As of September 30, 2023 2022 Undistributed ordinary income, net $ — $ — Undistributed capital gains (losses) — — Unrealized losses (2,812,670 ) (2,275,170 ) Other temporary adjustments (48,985 ) (55,517 ) Total accumulated loss, net $ (2,861,655 ) $ (2,330,687 )

Selected Quarterly Financial _2

Selected Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2023
Quarterly Financial Information Disclosure [Abstract]
Selected unaudited quarterly financial	Selected unaudited quarterly financial As of and for the three months ended December 31, 2023 September 30, 2023 June 30, 2023 March 31, 2023 Total investment income $ 167,616 $ — $ 60,660 $ 84,376 Net investment income 107,351 (100,974 ) (10,313 ) 87,603 Net change in unrealized appreciation (depreciation) on investment (124,908 ) 184,717 (108,549 ) (5,159 ) Net increase (decrease) in net assets resulting from operations (17,557 ) 83,743 (118,862 ) 82,444 Net assets 6,096,981 7,573,017 7,489,274 9,570,137 Total investment income per Common Share outstanding - basic and diluted 0.10 — 0.03 0.05 Net investment income per Common Share outstanding - basic and diluted 0.07 (0.06 ) (0.01 ) 0.05 Earnings (loss) per Common Share - basic and diluted (0.01 ) 0.05 (0.07 ) 0.05 Net asset value per Common Share at end of quarter 3.51 4.36 4.31 5.51 As of and for the three months ended December 31, 2022 September 30, 2022 June 30, 2022 March 31, 2022 Total investment income $ 180,773 $ 205,089 $ 255,183 $ 430,931 Net investment income 158,662 106,323 154,943 336,901 Net change in unrealized appreciation (depreciation) on investment (508,942 ) (198,575 ) (632,500 ) 60,541 Net increase (decrease) in net assets resulting from operations (350,280 ) (92,252 ) (477,557 ) 397,442 Net assets 12,925,546 20,186,237 24,219,854 28,638,776 Total investment income per Common Share outstanding - basic and diluted 0.10 0.12 0.15 0.25 Net investment income per Common Share outstanding - basic and diluted 0.09 0.06 0.09 0.19 Earnings (loss) per Common Share - basic and diluted (0.20 ) (0.05 ) (0.28 ) 0.23 Net asset value per Common Share at end of quarter 7.44 11.63 13.95 16.49 As of and for the three months ended December 31, 2021 September 30, 2021 June 30, 2021 March 31, 2021 Total investment income $ 253,745 $ 275,695 $ 637,230 $ 519,623 Net investment income 180,136 184,681 542,206 503,609 Net realized gain from investment in Guggenheim Credit Income Fund — — — 20 Net change in unrealized appreciation (depreciation) on investment (37,273 ) 56,188 1,132,130 1,475,417 Net increase in net assets resulting from operations 142,863 240,869 1,674,336 1,979,046 Net assets 32,182,699 32,873,251 37,372,438 40,750,690 Total investment income per Common Share outstanding - basic and diluted 0.15 0.16 0.37 0.29 Net investment income per Common Share outstanding - basic and diluted 0.11 0.11 0.31 0.28 Earnings per Common Share - basic and diluted 0.08 0.14 0.96 1.10 Net asset value per Common Share at end of quarter 18.54 18.93 21.52 23.47

Principal Business and Organi_2

Principal Business and Organization (Details Narrative) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Mar. 29, 2018	Dec. 31, 2020	Dec. 31, 2023
Subsidiary, Sale of Stock [Line Items]
Covering a continuous public offering	$ 958,600
Outstanding common shares percentage			19.72%
IPO [Member]
Subsidiary, Sale of Stock [Line Items]
Gross capital raise amount		$ 50,000

Significant Accounting Polici_3

Significant Accounting Policies (Details Narrative)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Investment company taxable income percentage	90%
Net ordinary income percentage	98%
Capital gain net income percentage	98.20%
Nondeductible federal excise tax percentage	4%

Investments (Details)

Investments (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Investments, All Other Investments [Abstract]
Number of shares	5,046,351	5,046,351
Weighted average shares owned quarter	5,046,351	5,046,351
Investment weighted average shares owned year	5,046,351	5,046,351
Cost	$ 8,259,316	$ 14,809,703
Fair Value	$ 5,476,803	$ 12,081,088
% of Net Assets	89.80%	93.50%

Investments (Details Narrative)

Investments (Details Narrative)	58 Months Ended
	Aug. 11, 2020 $ / shares
Minimum [Member]
Acquired investment prices range	$ 7.06
Maximum [Member]
Acquired investment prices range	$ 8.59

Related Party Agreements and _3

Related Party Agreements and Transactions (Details) - Guggenheim [Member] - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Administrative Services Agreement - expense reimbursement	$ 47,770	$ 73,635	$ 120,840
Expense Support Agreement - expense support received from related parties			$ 93,663

Related Party Agreements and _4

Related Party Agreements and Transactions (Details Narrative)	12 Months Ended
	Dec. 31, 2023 USD ($)
Related Party Transactions [Abstract]
Organization and offering expenses percentage	1.50%
Average net assets attributable to its common shares	1.75%
Total amount of expense support received for reimbursement	$ 967,781

Common Shares (Details)

Common Shares (Details) - USD ($)	12 Months Ended	101 Months Ended
	Dec. 31, 2023	Dec. 31, 2023
Equity [Abstract]
Gross proceeds from Public Offerings, shares		1,959,348
Gross proceeds from Public Offerings		$ 50,158,691
Dealer Manager fees and commissions, shares
Dealer Manager fees and commissions		$ (890,172)
Net proceeds to the Company from Public Offerings, shares		1,959,348
Net proceeds to the Company from Public Offerings		$ 49,268,519
Reinvestment of shareholders' distributions, shares		278,752
Reinvestment of shareholders' distributions		$ 6,762,060
Net proceeds from all issuance of Common Shares, shares		2,238,100
Net proceeds from all issuance of Common Shares		$ 56,030,579
Average net proceeds per Common Share		$ 25.03

Common Shares (Details 1)

Common Shares (Details 1)	12 Months Ended
	Dec. 31, 2023 USD ($) $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total Number of Shares Offered to Repurchase	45,564
Total Number of Shares Repurchased	81,704
Total Consideration | $	$ 1,902,868
Number of Shares Repurchased Total Offer	179.30%
March 8, 2021 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Tender Offer Termination Date	March 8, 2021	[1]
Total Number of Shares Offered to Repurchase	45,564	[1]
Total Number of Shares Repurchased	81,704	[1]
Total Consideration | $	$ 1,902,868	[1]
Repurchase of Common Shares Price Paid per Share | $ / shares	$ 23.29	[1]
Number of Shares Repurchased Total Offer	179.30%	[1]
Number of Shares Repurchased or Weighted Average Shares	4.48%	[1],[2]
[1]The Company filed a tender offer to purchase up to 45,564 Shares on February 1, 2021. In accordance with Rule 13e-4(f), the Company determined to accept for purchase up to an additional 2.0% of our then outstanding Shares, increasing the offer to 81,704 Shares. The Company repurchased 81,704 Shares which represents approximately 59% of all Shares that were validly tendered.[2]Weighted average shares is based on the weighted average number of common shares outstanding in the prior four calendar quarters.

Distributions (Details)

Distributions (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Distribution per Share at Payment Date	$ 3.95000	$ 10.79000	$ 6.41565
Distribution Amount	$ 6,858,331	$ 18,734,506	$ 11,161,382
March 22, 2023 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Record Date	March 22
Payment Date	March 23
Distribution per Share at Record Date	$ 1.98000
Distribution per Share at Payment Date	$ 1.98000
Distribution Amount	$ 3,437,853
June 23, 2023 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Record Date	June 23
Payment Date	June 26
Distribution per Share at Record Date	$ 1.13000
Distribution per Share at Payment Date	$ 1.13000
Distribution Amount	$ 1,962,001
October 5, 2023 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Record Date	October 5
Payment Date	October 6
Distribution per Share at Record Date	$ 0.84000
Distribution per Share at Payment Date	$ 0.84000
Distribution Amount	$ 1,458,477
February 3, 2022 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Record Date		February 3
Payment Date		February 7
Distribution per Share at Record Date		$ 2.27000
Distribution per Share at Payment Date		$ 2.27000
Distribution Amount		$ 3,941,365
May 23, 2022 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Record Date		May 23
Payment Date		May 25
Distribution per Share at Record Date		$ 2.27000
Distribution per Share at Payment Date		$ 2.27000
Distribution Amount		$ 3,941,365
August 25, 2022 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Record Date		August 25
Payment Date		August 29
Distribution per Share at Record Date		$ 2.27000
Distribution per Share at Payment Date		$ 2.27000
Distribution Amount		$ 3,941,365
October 28, 2022 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Record Date		October 28
Payment Date		October 31
Distribution per Share at Record Date		$ 2.27000
Distribution per Share at Payment Date		$ 2.27000
Distribution Amount		$ 3,941,365
December 22, 2022 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Record Date		December 22
Payment Date		December 23
Distribution per Share at Record Date		$ 1.71000
Distribution per Share at Payment Date		$ 1.71000
Distribution Amount		$ 2,969,046
January 11, 2021 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Record Date			January 11
Payment Date			January 13
Distribution per Share at Record Date			$ 0.09855
Distribution per Share at Payment Date			$ 0.09855
Distribution Amount			$ 178,078
February 9, 2021 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Record Date			February 9
Payment Date			February 11
Distribution per Share at Record Date			$ 0.09855
Distribution per Share at Payment Date			$ 0.09855
Distribution Amount			$ 178,443
March 8, 2021 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Record Date			March 8
Payment Date			March 9
Distribution per Share at Record Date			$ 0.09855
Distribution per Share at Payment Date			$ 0.09855
Distribution Amount			$ 178,802
June 3, 2021 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Record Date			June 3
Payment Date			June 7
Distribution per Share at Record Date			$ 2.91000
Distribution per Share at Payment Date			$ 2.91000
Distribution Amount			$ 5,052,588
August 4, 2021 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Record Date			August 4
Payment Date			August 6
Distribution per Share at Record Date			$ 2.73000
Distribution per Share at Payment Date			$ 2.73000
Distribution Amount			$ 4,740,056
November 3, 2021 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Record Date			November 3
Payment Date			November 5
Distribution per Share at Record Date			$ 0.48000
Distribution per Share at Payment Date			$ 0.48000
Distribution Amount			$ 833,415

Financial Highlights (Details)

Financial Highlights (Details) - USD ($)		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021
Investment Company [Abstract]
Net asset value, beginning of year		$ 7.44	$ 18.54	$ 22.67	$ 23.37	$ 24.56
Net investment income	[1]	0.05	0.44	0.81	1.47	1.45
Net realized gains from investment in GCIF	[1]				0.02	0.14
Net unrealized appreciation (depreciation) from investment in GCIF	[2]	(0.03)	(0.74)	1.48	(0.67)	(0.94)
Net increase (decrease) resulting from operations		0.02	(0.30)	2.29	0.82	0.65
Distributions from net investment income	[3]	(0.12)	(0.54)	(1.33)	(1.47)	(1.45)
Distributions from realized gains on investment	[3]					(0.39)
Distributions in excess of net investment incom	[3]				(0.05)
Distributions representing return of capital	[3]	(3.83)	(10.26)	(5.09)
Net decrease resulting from distributions		(3.95)	(10.80)	(6.42)	(1.52)	(1.84)
Net asset value, end of year		$ 3.51	$ 7.44	$ 18.54	$ 22.67	$ 23.37
Total investment return-net asset value	[4]	0.22%	(2.98%)	10.40%	4.06%	2.66%
Net assets, end of year		$ 6,096,981	$ 12,925,546	$ 32,182,699	$ 40,955,678	$ 37,529,070	$ 7,573,017	$ 7,489,274	$ 9,570,137	$ 20,186,237	$ 24,219,854	$ 28,638,776	$ 32,873,251	$ 37,372,438	$ 40,750,690
Average net assets	[5]	$ 8,927,894	$ 23,751,361	$ 37,415,826	$ 39,462,941	$ 38,652,998
Common Shares outstanding, end of year		1,736,284	1,736,284	1,736,284	1,806,983	1,606,201
Weighted average Common Shares outstanding		1,736,284	1,736,284	1,751,870	1,822,578	1,601,576
Total operating expenses	[5],[6]	2.56%	1.33%	0.99%	1.37%	1.22%
Effect of expense support received from reimbursement to (received from) the Advisors	[5],[6]			(0.25%)	(1.51%)	(0.42%)
Net expenses (reimbursements)	[5],[6]	2.56%	1.33%	0.74%	(0.14%)	0.80%
Net investment income	[5],[6]	0.94%	3.19%	3.77%	6.78%	5.99%
[1]The per Common Share data was derived by using the weighted average Common Shares outstanding during the period presented.[2]The amounts shown at this caption are the balancing figures derived from the other figures in the schedule. The amounts shown at this caption for a Common Share outstanding throughout the period may not agree with the change in the aggregate gains and losses in portfolio securities for the period because of the timing of sales of the Company’s Common Shares in relation to fluctuating market values for the portfolio.[3]The per Common Share data for distributions is the actual amount of distributions paid or payable per Common Share outstanding during the entire period; distributions per Common Share are rounded to the nearest $0.01. For income tax purposes, distributions made to shareholders are reported as ordinary income, capital gains, non-taxable return of capital or a combination thereof, based on taxable income calculated in accordance with income tax regulations which may differ from amounts determined under GAAP. The tax character of distribution shown above is an estimate since the exact amount cannot be determined at this point. As of December 31, 2023, the Company estimated distributions to be composed mostly of return of capital. The final determination of the tax character of distributions will not be made until we file our tax return.[4]Total investment return-net asset value is a measure of the change in total value for shareholders who held the Company’s Common Shares at the beginning and end of the period, including distributions declared during the period. Total investment return-net asset value is based on (i) net asset value per share on the first day of the period, (ii) the net asset value per share on the last day of the period, plus any shares issued in connection with the reinvestment of monthly distributions and (iii) distributions payable relating to the ownership of shares, if any, on the last day of the period. The total investment return-net asset value calculation assumes that distributions are reinvested in accordance with the Company’s distribution reinvestment plan, net of sales load, on each monthly distribution payment date. Because there is no public market for the Company’s shares, the terminal market value per share is assumed to be equal to net asset value per share on the last day of the period presented. Investment performance is presented without regard to sales load that may be incurred by shareholders in the purchase of the Company’s Common Shares. The Company’s performance changes over time and currently may be different than that shown above. Past performance is no guarantee of future results.[5]The computation of average net assets during the period is based on averaging the amount on the first day of the first month of the period and the last day of each month during the period.[6]The ratios-to-average net assets do not include any proportionate allocation of income and expenses incurred at the Master Fund. The Master Fund’s total expenses-to-average net assets for the years ended December 31, 2023, December 31, 2022, December 31, 2021, December 31, 2020 and December 31, 2019, were 5.16%, 3.30%, 5.06%, 7.30%, and 7.87% respectively.

Taxable_Distributable Income (D

Taxable/Distributable Income (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Taxabledistributable Income
Paid in capital in excess of par value		$ (251)	$ (34,062)
Distributions in excess of net investment income		251	34,062
Total

Taxable_Distributable Income _2

Taxable/Distributable Income (Details 1) - USD ($)	12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2021
Taxabledistributable Income
Net increase (decrease) in net assets resulting from operations	$ (304,725)	$ (1,441,369)	$ 528,778
Net change in unrealized depreciation	437,934	2,219,674	1,411,867
Offering expense		251	34,062
Other book-tax differences	93,034	(3,266)	(6,531)
Total taxable income available for distributions	$ 226,243	$ 775,290	$ 1,968,176

Taxable_Distributable Income _3

Taxable/Distributable Income (Details 2) - USD ($)		12 Months Ended
		Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2021
Taxabledistributable Income
Ordinary income		$ 226,243	$ 775,290	$ 1,976,427
Long-term capital gains	[1]
Return of capital		12,084,012	11,882,221	8,863,843
Total		$ 12,310,255	$ 12,657,511	$ 10,840,270
Paid distributions as a percentage of taxable income available for distributions		5,441.20%	1,632.60%	550.80%
[1]The Company designates as long term capital gain dividends, pursuant to Internal Revenue Code Section 852(b)(3).

Taxable_Distributable Income _4

Taxable/Distributable Income (Details 3) - USD ($)	Sep. 30, 2023	Sep. 30, 2022
Taxabledistributable Income
Undistributed ordinary income, net
Undistributed capital gains (losses)
Unrealized losses	(2,812,670)	(2,275,170)
Other temporary adjustments	(48,985)	(55,517)
Total accumulated loss, net	$ (2,861,655)	$ (2,330,687)

Selected Quarterly Financial _3

Selected Quarterly Financial Data (Unaudited) (Details) - USD ($)	3 Months Ended												12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]
Total investment income	$ 167,616		$ 60,660	$ 84,376	$ 180,773	$ 205,089	$ 255,183	$ 430,931	$ 253,745	$ 275,695	$ 637,230	$ 519,623	$ 312,652	$ 1,071,976	$ 1,686,293
Net realized gain from investment in Guggenheim Credit Income Fund												20
Net investment income	107,351	(100,974)	(10,313)	87,603	158,662	106,323	154,943	336,901	180,136	184,681	542,206	503,609	83,667	756,829	1,410,632
Net change in unrealized appreciation (depreciation) on investment	(124,908)	184,717	(108,549)	(5,159)	508,942	198,575	632,500	(60,541)	(37,273)	56,188	1,132,130	1,475,417	(53,899)	(1,279,476)	2,626,462
Net increase in net assets resulting from operations	(17,557)	83,743	(118,862)	82,444	(350,280)	(92,252)	(477,557)	397,442	142,863	240,869	1,674,336	1,979,046	29,768	(522,647)	4,037,114
Net assets	$ 6,096,981	$ 7,573,017	$ 7,489,274	$ 9,570,137	$ 12,925,546	$ 20,186,237	$ 24,219,854	$ 28,638,776	$ 32,182,699	$ 32,873,251	$ 37,372,438	$ 40,750,690	$ 6,096,981	$ 12,925,546	$ 32,182,699	$ 40,955,678	$ 37,529,070
Total investment income per Common Share outstanding - basic and diluted	$ 0.10		$ 0.03	$ 0.05	$ 0.10	$ 0.12	$ 0.15	$ 0.25	$ 0.15	$ 0.16	$ 0.37	$ 0.29
Net investment income per Common Share outstanding - basic and diluted	0.07	(0.06)	(0.01)	0.05	0.09	0.06	0.09	0.19	0.11	0.11	0.31	0.28	$ 0.05	$ 0.44	$ 0.81
Earnings (loss) per Common Share - basic	(0.01)	0.05	(0.07)	0.05	(0.20)	(0.05)	(0.28)	0.23	0.08	0.14	0.96	1.10	0.02	(0.30)	2.30
Earnings (loss) per Common Share - diluted	(0.01)	0.05	(0.07)	0.05	(0.20)	(0.05)	(0.28)	0.23	0.08	0.14	0.96	1.10	0.02	(0.30)	2.30
Net asset value per Common Share at end of quarter	$ 3.51	$ 4.36	$ 4.31	$ 5.51	$ 7.44	$ 11.63	$ 13.95	$ 16.49	$ 18.54	$ 18.93	$ 21.52	$ 23.47	$ 3.51	$ 7.44	$ 18.54	$ 22.67	$ 23.37	$ 24.56